Defense

On the record

January 7, 1992

SALES IN 1991 fell but profit rose for Bairnco Corp. of Orlando, the company said Monday. Despite this, Bairnco plans to take a $1.7 million fourth-quarter charge and lay off as many as 50 workers in its defense-related subsidiary based in Norwalk, Conn., officials said. Bairnco posted a profit of $4.35 million on sales of $167 million in 1991, compared with a loss of $7 million on sales of $185.9 million in 1990. The company employs about 1,700 worldwide.

PUBLISHING

THE EUROPEAN, the English-language weekly founded by Robert Maxwell, has been sold to British investors for an undisclosed price, a court appointed administrator announced Monday. The sale is the first major disposal of Maxwell property. Most of Maxwell's media empire is operating under bankruptcy court protection. The newspaper was sold to a company controlled by brothers David and Frederick Barclay.

FLORIDA

ACROSS THE STATE

APPLE COMPUTER Inc. said Monday it would contribute $1 million worth of computers and technical support over five years to the new National High Magnetic Field Laboratory in Tallahassee. The National Science Foundation picked Florida State University for the magnetic lab, the first of its type in the Southeast. It is scheduled to open in January 1993 and will be operated by FSU, the University of Florida and Los Alamos National Laboratory.